Flipping Houses

Finding Happiness with Contractors

by Brendan O'Brien | February 28, 2009

What do these projects have in common? Replacing zone valves (not just the heads) for forced hot water heating Installing a 220-volt outlet for an oven Installing a hot water heater The common bond between these projects is that I won’t do ‘em. It’s not that I don’t have handyman skills – I do. But [...]

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Flipping Houses

Hard Money Buying Worksheet

by Rob K. Blake | November 29, 2008

I have the worksheet I use of a ‘quick and dirty’ hard money purchase analysis and I thought I’d share it with you…download here! First if you don’t know much about worksheets, don’t worry; you simply input a few numbers at the top, and the worksheet automatically calculates the fields without your assistance. You just [...]

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Flipping Houses

Seeking Real Estate’s Magic Bullet

by Richard Warren | July 7, 2008

It’s 3am and you are wide-awake. You are feeling the burden of too many bills and not enough income. You want so badly to get ahead yet can’t seem to find a way out of your financial dilemma. Firmly in the grips of insomnia, you turn on the TV and the answer to your prayers appears in [...]

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Flipping Houses

Real Estate: Flip or Rent?

by Troy Schuricht | June 29, 2008

You may have heard recently that this is a great time to purchase investment property. One reason for this is because you can now “cash flow” them again. That sounds like a pretty good idea, but what does that really translate into? What really makes this a better time to buy and hold investment property [...]

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Flipping Houses

Finding Your Niche In Real Estate

by Richard Warren | April 21, 2008

People invest in real estate for a myriad of different reasons. Some people have a very clear plan for what they want to accomplish, while others jump in on a whim. It can be very seductive to see the amount of wealth that can be created in real estate. With so many different avenues available [...]

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Blogs

Brave New (Real Estate) World

by Richard Warren | April 14, 2008

When we the real estate market return to normal? When will things go back up? When will I be able to get $0 down loans again? How long will it be before I am able to get a loan I can’t afford? When will I be able to go back to flipping my way to [...]

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Flipping Houses

So You Want To Be A Real Estate Wholesaler?

by Richard Warren | April 7, 2008

Whenever I attend my local real estate investment club meeting someone using the same pick-up line inevitably approaches me: “I’m going into wholesaling, can I call you when I have a deal?” Most of these people are never seen or heard from again. It seems that most of them attended some guru’s curse on how [...]

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Flipping Houses

Why Chain of Title is important to your investment property purchase

by Troy Schuricht | March 20, 2008

Banks require a preliminary title report on all real estate transactions. The preliminary title report serves many functions, but one that could cause you to loose a great deal on your next investment is the Chain of Title. Most lenders require a title company to give them a 24 month chain of title. This simply [...]

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Flipping Houses

"Lucky" The Wanna-Be Tycoon

by Richard Warren | March 17, 2008

This is the saga of “Lucky” the newbie investor. Lucky has big dreams of being an ultra successful real estate mogul. He is addicted to all of the flip-and-grow-rich TV shows, he just can’t get enough. He sits in front of the TV night after night watching property escalator, real estate jocks, flip this flophouse [...]

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Flipping Houses

You Found A Great Rehab Deal. Now, How Do You Fund It?

by Richard Warren | March 10, 2008

You’ve been hunting for that perfect rehab deal like a Neanderthal stalking a mighty Mastodon. You’re sure you’ve found it. The after repair value and renovation costs will allow for a hefty profit. You should even be able to set a price that will result in a quick sale when the rehab is complete. There [...]

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Flipping Houses

10 Questions on Hard Money Loans

by Troy Schuricht | February 21, 2008

What is the process for Hard Money Loans? Hard Money Loans provide Investors access to capital to purchase investment properties. They can fund quickly, typically within 72 hours of receiving the final docs from the Title Company. Hard Money is available for adequately collateralized loans on single-family residential houses and other Real Property including commercial [...]

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Blogs

The Most Dangerous Game: Rehabbing to Flip

by Richard Warren | February 18, 2008

In previous weeks we discussed rehabbing a home for personal use (Getting Started In Rehab) and rehabbing for use as a rental (Rehabbing a Rental Property). This week we will look at rehabbing with the intention of flipping. This is, by far, the riskiest of the three. However, it can also be the most lucrative [...]

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Commentary

A Mothers Nature: A Force to Reckon With When It Comes to Mold and the Home

by Jim Watkins | February 15, 2008

A few years ago, I bought a house that had been infested with black mold but it had been cleaned up by a professional remediation company months before I had bought it. The house had an ARV over $300,000 and I got it for $160,000. Most of the walls did not have drywall and it [...]

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Blogs

Rehabbing A Rental Property

by Richard Warren | February 11, 2008

Last week we discussed [tag]rehabbing[/tag] a home for personal use (Getting Started in Rehab ), this week we will explore rehabbing for the purpose of [tag]renting[/tag]. Of the three main types of [tag]rehab[/tag], personal use, renting and [tag]flip[/tag], the rental falls in the middle in terms of risk. If the rental market is strong where [...]

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Flipping Houses

Getting Started In Rehab Real Estate

by Richard Warren | February 5, 2008

You want to [tag]rehab[/tag] [tag]houses[/tag], but where do you start? We see the fix-and-[tag]flip[/tag] “reality” shows that, somehow, manage to have no basis in reality. How hard can it be to buy a house, rehab it, sell it, and retire to a life of luxury on the French Riviera? On TV, it all happens in [...]

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